Analysts Expect Andeavor (ANDV) Will Post Quarterly Sales of $14.52 Billion

Equities analysts expect Andeavor (NYSE:ANDV) to report $14.52 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Andeavor’s earnings, with the lowest sales estimate coming in at $14.07 billion and the highest estimate coming in at $14.97 billion. Andeavor reported sales of $9.84 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 47.6%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, November 14th.

On average, analysts expect that Andeavor will report full year sales of $48.76 billion for the current financial year, with estimates ranging from $45.17 billion to $51.26 billion. For the next year, analysts expect that the business will report sales of $53.84 billion per share, with estimates ranging from $48.03 billion to $60.97 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Andeavor.

Andeavor (NYSE:ANDV) last released its earnings results on Monday, August 6th. The oil and gas company reported $3.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.96 by $0.58. The firm had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $12.36 billion. Andeavor had a net margin of 4.91% and a return on equity of 8.52%.

Several analysts have commented on ANDV shares. Morgan Stanley lifted their target price on shares of Andeavor from $145.00 to $182.00 and gave the stock a “hold” rating in a research note on Tuesday, May 22nd. ValuEngine cut shares of Andeavor from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 1st. US Capital Advisors cut shares of Andeavor from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. Mizuho started coverage on shares of Andeavor in a research note on Thursday, August 2nd. They issued a “neutral” rating and a $158.00 target price for the company. Finally, Royal Bank of Canada lifted their target price on shares of Andeavor to $151.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 14th. They noted that the move was a valuation call. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $138.75.

ANDV stock opened at $156.09 on Friday. The company has a market capitalization of $23.56 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 1.77 and a beta of 1.15. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.42 and a quick ratio of 0.69. Andeavor has a one year low of $89.58 and a one year high of $157.65.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $2.36 annualized dividend and a dividend yield of 1.51%. Andeavor’s dividend payout ratio is presently 36.48%.

In related news, VP Stephan E. Tompsett sold 490 shares of Andeavor stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $151.65, for a total transaction of $74,308.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Keith M. Casey sold 24,571 shares of Andeavor stock in a transaction on Monday, August 13th. The shares were sold at an average price of $151.11, for a total transaction of $3,712,923.81. Following the transaction, the executive vice president now owns 65,499 shares in the company, valued at approximately $9,897,553.89. The disclosure for this sale can be found here. Insiders have sold a total of 318,941 shares of company stock valued at $46,162,050 over the last three months. Corporate insiders own 7.00% of the company’s stock.

Several large investors have recently bought and sold shares of ANDV. Ostrum Asset Management acquired a new position in shares of Andeavor during the 1st quarter valued at $123,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Andeavor by 114.5% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 1,255 shares of the oil and gas company’s stock valued at $165,000 after acquiring an additional 670 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Andeavor by 719.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,320 shares of the oil and gas company’s stock valued at $173,000 after acquiring an additional 1,159 shares in the last quarter. Ropes Wealth Advisors LLC lifted its holdings in shares of Andeavor by 118.7% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,428 shares of the oil and gas company’s stock valued at $187,000 after acquiring an additional 775 shares in the last quarter. Finally, Signaturefd LLC acquired a new position in shares of Andeavor during the 1st quarter valued at $209,000. Institutional investors and hedge funds own 77.70% of the company’s stock.

About Andeavor

Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. The company operates in three segments: Marketing, Logistics, and Refining. The Marketing segment sells gasoline and diesel fuel through retail, branded, and unbranded channels.

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